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Home » News » News Archive - August 2008

News Archive - August 2008

Ferry operator raises fuel surcharge
29 Aug 2008 11:37 GMT
Freight carriers hit with fourfold increase following 'exceptional' increase in bunker costs.

Fuel costs hit CSCL first-half profit
29 Aug 2008 09:42 GMT
Profit plunges 44% on surging costs and a fall in demand.

OW to launch operations in Australia
29 Aug 2008 08:03 GMT
Trading office to be opened in Melbourne in September.

Titan records half-year loss
28 Aug 2008 11:20 GMT
Restructuring plan aims to focus resources on storage and shipyard businesses.

New barge supplier in Ventspils
28 Aug 2008 09:50 GMT
Barge deliveries set to commence at the start of September.

Cargo ships to submit oil spill response plans
28 Aug 2008 08:02 GMT
Coast Guard begins enforcement of oil spill response plans for "nontank" vessels.

Ship extension project aims to reduce costs
27 Aug 2008 11:41 GMT
Small rise in energy consumption is set to reduce operating costs and environmental impact.

TSA announces record bunker surcharge
27 Aug 2008 10:02 GMT
New floating bunker surcharge to come into effect from September 1st.

DFDS records 28% drop in profit
27 Aug 2008 08:07 GMT
High oil prices and difficult market conditions impact on H1 performance.

MRPL sells 80,000mt fuel oil cargo
26 Aug 2008 10:42 GMT
380-cst parcel is sold by Indian refiner at a premium for the first time.

Indian firm offers 380-cst parcel
26 Aug 2008 09:25 GMT
30,000-tonne fuel oil cargo is scheduled for loading in September.

Chemoil acquires terminal in the Philippines
26 Aug 2008 07:37 GMT
CEO: Terminal will help Chemoil extend its presence in key regional markets.

Frontline posts 69% rise in profit
22 Aug 2008 10:52 GMT
Rental rates could rise as ships run slower to reduce bunker costs.

Crude rises more than $9 in a week
22 Aug 2008 10:02 GMT
Oil holds above $121 on dollar slump and tensions between Russia and the West.

Chevron plans lubricant plant in Pascagoula
22 Aug 2008 08:03 GMT
Base oil manufacturing facility to produce 25,000 barrels per day.

Zero emissions yacht to be launched in October
21 Aug 2008 10:04 GMT
Revolutionary hybrid combines diesel, solar and electric power.

German firm supplies fuel savings system
21 Aug 2008 09:03 GMT
Decision support system aims to reduce fuel costs and ship emissions.

California to host emissions workshop
20 Aug 2008 11:33 GMT
ARB meeting to discuss greenhouse gas reduction measures.

Hyundai launches new BAF finder
20 Aug 2008 09:56 GMT
BAF calculator is based on shipping firm's new BAF formula.

T.S. Lines drops bunker levy
20 Aug 2008 08:01 GMT
Container carrier decides not to impose Emergency Bunker Surcharge.

K-Sea announces rise in net income
19 Aug 2008 12:47 GMT
Barge operator posts Q4 and end-of-year earnings increase.

New trader at International Bunkering Middle East
19 Aug 2008 11:41 GMT
Ex-ABN Amro Executive joins trading team in Dubai.

LMS granted extension to vacate land
19 Aug 2008 10:06 GMT
Supreme Court gives bunker supplier until September to vacate premises.

K-Sea announces public offering
19 Aug 2008 08:21 GMT
Barge operator to hold public offering of 2 million units.

High bunker prices help idiotfish
18 Aug 2008 11:21 GMT
Price of marine fuel helps protect declining population in British Columbia.

Lubrizol posts solid Q2 earnings
18 Aug 2008 10:02 GMT
Marine fuel additives supplier maintains profit momentum.

Singapore refinery cuts crude runs
18 Aug 2008 08:04 GMT
Reduction in processing rates set to have knock-on effect on local bunker market.

Canadian firm to close blending facility
15 Aug 2008 11:40 GMT
Marine fuel additives company to close Ontario plant in 2009.

DFDS lowers profit forecast
15 Aug 2008 09:42 GMT
Profit growth adjusted on rising bunker costs and difficut market conditions.

OW Bunker announces 65% rise in profit
15 Aug 2008 08:12 GMT
Record half-yearly results driven by strong revenue growth.

Singapore bunker sales rise above 3m tonnes
14 Aug 2008 10:25 GMT
Accumulated bunker sales for 2008 surpass the 20m-tonne mark.

API: US oil demand at 5-year low
14 Aug 2008 10:04 GMT
Weaker demand observed for the first six months continues in July.

Aegean's profit rises as revenues more than double
14 Aug 2008 08:18 GMT
Profit increase driven by rise in the gross spread on marine petroleum products.

Odfjell profits hit by bunker costs
13 Aug 2008 17:28 GMT
No change to operating results unless there is 'a significant move in bunker prices'.

Petrobras eyes Sri Lanka market
13 Aug 2008 10:08 GMT
Brazilian firm's interest follows Ceypetco fuel oil contract deal.

Black Sea lube supplier to launch new terminal
13 Aug 2008 08:01 GMT
Varna facility will enable Bulgarian firm to process larger base oil shipments.

Shell studies Pernis refinery expansion
12 Aug 2008 17:26 GMT
Additional units may be built to produce cleaner-burning fuels.

OOCL raises BAF by 13.5 percent
12 Aug 2008 10:31 GMT
China to Europe and the Meditteranean BAF to come into effect in September.

Petrobras buys stake in Exxon's Chile unit
12 Aug 2008 09:20 GMT
Lubricant and specialty businesses in Chile not part of the deal.

New employee at Global Risk Management
11 Aug 2008 17:25 GMT
Oil Risk Manager appointed at the Danish firm's office in Middelfart.

Horizon in fuel surcharge u-turn
11 Aug 2008 11:54 GMT
Ocean shipper changes surcharge rates to match those of its main competitor.

Fujairah supplier secures 380-cst cargo
11 Aug 2008 10:41 GMT
UAE firm buys 60,000-tonne fuel oil parcel for end-August delivery.

Wärtsilä-Hyundai wins dual-fuel engine order
11 Aug 2008 09:10 GMT
Ships to be fitted with duel-fuel engines that run on natural gas, MDO or heavy fuel oil.

'Super' lubricant launched for the marine industry
08 Aug 2008 12:01 GMT
Multi-purpose synthetic lubricant is said to last 3-4 times longer than base oils.

WFS posts record marine profits
08 Aug 2008 09:57 GMT
Marine segment generates $44.4m profit in the second quarter of 2008.

Chemoil records $21.4m profit increase
08 Aug 2008 08:08 GMT
Q2 profit rise is driven by healthy margins and strong demand within the bunker market.

NYMEX changes margins for fuel oil contracts
07 Aug 2008 12:21 GMT
New margins for fuel oil and gasoil contracts will come into effect from today.

FEFC announces its final BAF
07 Aug 2008 11:10 GMT
Next month's BAF will be the last before FEFC ceases operations in October.

Indian firm coats ship in bid to reduce bunker costs
07 Aug 2008 09:58 GMT
Shipping company aims to lower fuel consumption with latest coating technology.

Rix launches new bunker tanker
07 Aug 2008 08:02 GMT
Latest vessel acquisition is part of UK supplier's US$23m investment programme.

Singapore MGO drops to lowest price since April
06 Aug 2008 15:10 GMT
Marine gas oil price has plummeted by 23 percent since hitting record last month.

Titan and K Line sign agreement
06 Aug 2008 10:18 GMT
Oil logistics firm to receive US$25m to develop its ship repair facilities in China.

Grindrod increases trading interests
06 Aug 2008 08:05 GMT
Cockett Marine owner acquires remaining 50 percent in raw materials specialist.

NIOC says fuel oil exports will not be halted
05 Aug 2008 15:31 GMT
Managing Director quashes claims that Iran will stop exporting fuel oil.

2,000-litre bunker spill in Yellow Sea
05 Aug 2008 10:07 GMT
Clean-up work in progress after bunker tanker leaks fuel oil following collision.

Japanese firm to cut fuel oil output
05 Aug 2008 09:27 GMT
Decrease in fuel oil production could impact on Japanese supplier's marine fuel business.

Marine fuel catalysts tackle GHG issue
04 Aug 2008 12:14 GMT
EPA-registered marine fuel catalysts are designed to reduce greenhouse gas emissions.

W. Wilhelmsen raises profit by $6.5m
04 Aug 2008 10:19 GMT
Q2 income and profit up vs 2007 despite higher bunker prices.

August output to fall in South Korea
04 Aug 2008 08:03 GMT
90,000 bpd drop in crude runs predicted on refinery maintenance in Yeosu.

Oregon Attorney General threatens to sue EPA
01 Aug 2008 11:56 GMT
Hardy Myers gives EPA formal notice of intent to sue within 180 days.

Iran stops fuel oil exports
01 Aug 2008 10:04 GMT
Decision looks set to have repercussions on bunker supplies in Fujairah.

Aegean to hold conference call and webcast
01 Aug 2008 08:02 GMT
Bunker supplier to discuss financial results for the second quarter of 2008.

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